Is Lantana, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Lantana was a Seller's Market.
Key Takeaway
Lantana is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Lantana, FL
How much do homes in Lantana, FL cost?
Median Sold Price
$385,000
$299/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Lantana have sold for 10% more than they did a year ago.
Summary: The median home sold price in Lantana was $385,000 in March 2024, up 10% from last year, and the median price per square foot was $299.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $170K | $168.7K | -0.7% |
| 2 Bedrooms | $320K | $300K | -6.3% |
| 3 Bedrooms | $400K | $417.5K | +4.4% |
| 4 Bedrooms | $435K | $496K | +14.0% |
| 5+ Bedrooms | $6.7M | $11.1M | +64.4% |
Summary: Lantana housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.7%, 2 bedroom homes decreased by 6.3%, 3 bedroom homes increased by 4.4%, 4 bedroom homes increased by 14%, and 5+ bedroom homes increased by 64.4%.
Median Sold Price Compared To Nearby Cities
| Lake Worth | $405.4K | $452.4K | +11.6% |
| Lantana | $350K | $385K | +10.0% |
| South Palm Beach | $429K | $462.5K | +7.8% |
| Hypoluxo | $410K | $369.9K | -9.8% |
Housing Supply in Lantana, FL
How many homes are available in Lantana, FL?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 129 | 147 | +14.0% |
Summary: The Lantana real estate market had 147 homes for sale in March 2024, a 14.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 18 | 24 | +33.3% |
| 2 Bedrooms | 46 | 47 | +2.2% |
| 3 Bedrooms | 35 | 45 | +28.6% |
| 4 Bedrooms | 11 | 12 | +9.1% |
| 5+ Bedrooms | 19 | 19 | 0.0% |
Summary: The Lantana housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 2.2%, 3 bedroom homes increased by 28.6%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 10 | 17 | +70.0% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lantana, you may be able to get a good deal. 82.4% of homes here sold below asking price last month.
Summary: A total of 17 homes were sold or pending in Lantana in March 2024, up by 70.0% month-over-month. Of the 17 sold homes, 82% were sold under asking, 6% were sold at asking, and 12% were sold over asking.
Days on Market for Lantana, FL
How long does it take to sell a home in Lantana, FL?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 68 Days | 70 Days | +3.3% |
Summary: Homes in Lantana had an average of 70 days on market in Mar 2024, up by 3.3% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Lantana are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 17 homes were sold in Lantana; 53% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 35% of homes were sold over 90 days.
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